MS Group Holdings has a Cash Ratio of 3.11. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for MS Group Holdings's Cash Ratio or its related term are showing as below:
HKSE:01451'
s Cash Ratio Range Over the Past 10 Years
Min: 0.51 Med: 2.35 Max: 3.67
Current: 3.11
During the past 9 years, MS Group Holdings's highest Cash Ratio was 3.67. The lowest was 0.51. And the median was 2.35.
HKSE:01451's Cash Ratio is ranked better than 91.91% of 383
companies
in the Packaging & Containers industry
Industry Median: 0.33
vs HKSE:01451: 3.11
MS Group Holdings Cash Ratio Historical Data
The historical data trend for MS Group Holdings's Cash Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of MS Group Holdings's Cash Ratio
For the Packaging & Containers subindustry, MS Group Holdings's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MS Group Holdings's Cash Ratio Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, MS Group Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where MS Group Holdings's Cash Ratio falls into.
MS Group Holdings Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
MS Group Holdings's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MS Group Holdings (HKSE:01451) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
MS Group Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of MS Group Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
MS Group Holdings (HKSE:01451) Business Description
MS Group Holdings Ltd produces and sells plastic bottles and baby feeding accessories. Its operating segments are the OEM business which comprises the production and sales of plastic bottles and cups for infants and toddlers and plastic sports bottles on an OEM basis predominately for the overseas markets; and the Yo Yo Monkey Business, which comprises the production and sales of infant and toddler products, particularly plastic bottles and cups, under the brand developed by the Group and known as Yo Yo Monkey, principally for the PRC market, and the majority of the revenue comes from the OEM business. Its revenue is mainly derived from the United States of America; also has a presence in the Netherlands, Italy, the PRC, and other countries.
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